Hammer falls 23 times
FROM GONDWANA Game Reserve near Herbertsdale to the suburbs of Plettenberg Bay, 23 properties will be auctioned by Van Rensburgs Auctions this month.
“A positive factor is that the number of private sellers and insolvencies are more or less equal during this marathon auction period,” says Wiidke Burger of Van Rensburgs Auctions.
“In December 2010, 90 percent of the auctions were insolvencies. This year was no different when it came to an increasing amount of auctions, and we held six auctions a month on average in the southern Cape. This included all types of properties, as well as movable assets.
“A ne g at i ve s e nt i ment remains in the residential market when it comes to properties priced above R1 million, and many of the auction prices were not accepted by the bondholders. A more positive inter- est was shown in apartments with values between R250 000 and R500 000. These properties proved to be very popular with buyers. However, exceptional properties still achieve good prices despite the recession,” says Burger.
Agricultural properties, and, in particular, arable land in the Heidelberg and Riversdale districts, fetched an average of R11 500 a hectare. Three farms were sold on auction.
Burger s ays t here will always be an opportunity for a bargain and, from December 17 to 21, lodges in Gondwana, prime stands in Springerbaai, homes in Mossel Bay and Plettenberg Bay, and many beach houses along the coast will be sold by Van Rensburgs Auctions during this festive season.
For further information, call Van Rensburgs Auctions in George on 044 878 2877 or visit www. vanrensburgs- auctions. co.za.
MARATHON AUCTION PERIOD: Van Rensburgs Auctions held about six auctions a month in the southern Cape this year.